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“In line with this aspiration, NNPC is collaborating with key stakeholders to improve the overall security of our production sites, crude export lines and other critical oil and gas infrastructure.”

“Therefore, stick approach is the best answer to this problem. Government needs to treat IPMAN with an iron hand, revoke their licenses and re-introduce major marketers again. Anybody willing to continue with fuel business should be directed to register with a major marketer; this will give government a level of control over the business.”

Figures obtained from the CBN on Monday indicated that the External Reserves reached the $40.4 billion mark on January 5, 2018, indicating an increase of about $1 billion between December 2017 and January 2018.